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FII Trading Data in Derivatives Segment on 15-Mar-2013


FII & DII trading activity in Capital Market Segment on 15-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII15-Mar-2013 4384.653365.721018.93

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII15-Mar-2013 1048.841633.32-584.48

Indian Stock Markets Closing Reports(15-Mar-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio:1.09
Total Options Put Call Ratio:1.05
Nifty P/E Ratio(15-Mar-2013):17.72

Advances & Declines

BSE Advances : 1,089
BSE Declines : 1,786
NSE Advances :   517
NSE Declines : 1,007

Nifty Open Interest Changed Today

Nifty- 5600  CE(Mar)- -6,400(-1.47%)
Nifty- 5600  PE(Mar)- -160,400(-2.20%)

Nifty- 5700  CE(Mar)- -47,800(-4.05%)
Nifty- 5700  PE(Mar)- 47,800(0.44%)

Nifty- 5800  CE(Mar)- -176,650(-5.30%)
Nifty- 5800  PE(Mar)- -775,700(-8.28%)

Nifty- 5900  CE(Mar)- 216,150(3.80%)
Nifty- 5900  PE(Mar)- -470,300(-7.92%)

Nifty- 6000  CE(Mar)- 422,400(5.81%)
Nifty- 6000  PE(Mar)- -535,700(-15.75%)

Closing 

Sensex- closed at 19,427.56(-142.88 Points & -0.73%)
Nifty- closed at 5,872.60(-36.35 Points & -0.62%)
CNX Midcap - closed at 7,725.70(-63.40 Points & -0.81%)
CNX Smallcap- closed at 3,302.60(-18.75 Points & -0.56%)

Nifty Spot-Levels & Trading Strategy for 18-03-2013

Nifty Spot-Levels

R3 6008
R2 5976
R1 5924
Avg 5892
S1 5840
S2 5808
S3 5756

Nifty Spot-Trading Strategy

H6 5956     Trgt 2
H5 5937     Trgt 1
H4 5918     Long breakout
H3 5895     Go Short
H2 5887
H1 5879
L1 5864
L2 5856
L3 5848     Long
L4 5825     Short Breakout
L5 5806     Trgt 1
L6 5787     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2013

Nifty(Mar Fut)-Levels

R3 6036
R2 6001
R1 5949
Avg 5914
S1 5862
S2 5827
S3 5775

Nifty(Mar Fut)-Trading Strategy

H6 5984     Trgt 2
H5 5964     Trgt 1
H4 5944     Long breakout
H3 5920     Go Short
H2 5912
H1 5904
L1 5889
L2 5881
L3 5873     Long
L4 5849     Short Breakout
L5 5829     Trgt 1
L6 5809     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 18-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12341
R2 12220
R1 12049
Avg 11928
S1 11757
S2 11636
S3 11465

Bank Nifty(Mar Fut)-Trading Strategy

H6 12172     Trgt 2
H5 12106     Trgt 1
H4 12039     Long breakout
H3 11959     Go Short
H2 11932
H1 11905
L1 11852
L2 11825
L3 11798     Long
L4 11718     Short Breakout
L5 11651     Trgt 1
L6 11585     Trgt 2

Nifty Spot-Weekly Levels & Trading Strategy(Mar 18 to Mar 22,2013)

Nifty Spot-Weekly Levels

R3 6143
R2 6057
R1 5964
Avg 5878
S1 5785
S2 5699
S3 5606

Nifty Spot-Weekly Trading Strategy 

H6 6053     Trgt 2
H5 6011     Trgt 1
H4 5970     Long breakout
H3 5921     Go Short
H2 5904
H1 5888
L1 5855
L2 5839
L3 5822     Long
L4 5773     Short Breakout
L5 5732     Trgt 1
L6 5690     Trgt 2

Bank Nifty Spot-Weekly Levels & Trading Strategy(Mar 18 to Mar 22,2013)

Bank Nifty Spot-Weekly Levels

R3 12872
R2 12556
R1 12186
Avg 11870
S1 11500
S2 11184
S3 10814

Bank Nifty Spot-Weekly Trading Strategy 

H6 12517     Trgt 2
H5 12355     Trgt 1
H4 12193     Long breakout
H3 12004     Go Short
H2 11941
H1 11878
L1 11753
L2 11690
L3 11627     Long
L4 11438     Short Breakout
L5 11276     Trgt 1
L6 11114     Trgt 2

Mid-session Outlook(15-03-2013)

Although Indian markets moved up sharply after WPI data yesterday but we clearly mentioned next Resistances between 5940-5970 in all the previous Outlooks as well as told the condition of valid break out above 5970 for the confirmation of any uptrend. We told following lines in Preparation for Post Credit Policy Trend:-

1- 5874-5893(crossed yesterday but sustaining above is required yet)
2- 5940-5970(strong resistances)

Nifty could not sustain above mentioned resistances despite trading above 5940 today and slipped more than .75% down after loosing more than .50% gains. As today down moves are without as such selling patterns therefore will be understood only intraday volatility and sustaining beyond following crucial levels will decide next trend:-

1- 5874-5893(1st indication)
2- 5940-5970(strong resistances)
3- 5792-5920( Next trend confirmation)

Post-open Outlook(15-03-2013)

As most Asian markets moved up sharply in last 1 hour and some turned more than .75% up from negative zone trading therefore sudden improvement in sentiment and benchmark Indices are more than half pct up. Resultant good opening in Indian markets and Nifty traded between next and most crucial resistance range(5940-5970),firstly sustaining beyond 5940 should be watched for next moves first strong indication. 

Nifty(Mar Fut)- Intraday Trading Strategy,levels and Targets for 15-03-2013

 -------------------------------------------------
Buy at or above:-5948
-------------------------------
1st Targets:5964
2nd Targets:5983
3rd Targets:6003
4th Targets:6022
-------------------------------
Stop Loss:5929
-------------------------------------------------
Sell at or below:-5929
-------------------------------
1st Targets:5912
2nd Targets:5893
3rd Targets:5874
4th Targets:5855
-------------------------------
Stop Loss:5948
-------------------------------------------------
Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Preparation for Post Credit Policy Trend

Technical Analysis and Market Outlook(15-03-2013)

Nifty-Intra Day Chart (14-Mar-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Sharp down after opening and sideways trading till WPI inflation data announcement
2- Slow up moves in Rising Channel after WPI inflation data announcement.
3- Whole day actual trading between 5792-5920 

Conclusions from intra day chart analysis 

Sharp down immediately after opening and sideways trading till WPI inflation data announcement. As Core inflation reduced therefore recovery on expectations of rates cut by RBI in Credit Policy on 19 March 2013.  Although Nifty crossed immediate resistance(5893) and it is strong indication of strength but on the back of positive news flow and up moves were without required force therefore selling development can not be ruled out.

Sentiment turned strong after sharp surge yesterday and Indian markets will trade under the sentiment of rate cut expectations and prepare for post Credit Policy moves. As strong resistances between 5940-5970 therefore any decisive up trend will be possible after valid break out above 5970 and till then range bound market is expected between 5792-5970 under all types of Bullish/Bearish sentiments in pre Credit Policy sessions.

Pre-open Outlook(15-03-2013)

Although US markets closed with sufficient gains yesterday but Asian markets are mixed today morning therefore sentiment is quiet and expected that Nifty will firstly hover around 5900. Strength of resistances are as follows:-

1- 5874-5893(crossed yesterday but sustaining above is required yet)
2- 5940-5970(strong resistances)

Following levels should be firstly watched:-

1- 5874(valid break down will mean fresh down moves)
2- 5893-5940(trading positions within this range will form next trends)

As market has to prepare for next trend therefore post Credit Policy moves will be ubderstood from intraday charts patterns formations and will be updated in Mid-session Outlooks.

FII Trading Data in Derivatives Segment on 14-Mar-2013


FII & DII trading activity in Capital Market Segment on 14-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII14-Mar-2013 3261.112654607.11

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII14-Mar-2013 893.791722.98-829.19

Nifty Spot-Levels & Trading Strategy for 15-03-2013


Nifty Spot-Levels

R3 6084
R2 6002
R1 5955
Avg 5873
S1 5826
S2 5744
S3 5697

Nifty Spot-Trading Strategy

H6 6039     Trgt 2
H5 6009     Trgt 1
H4 5978     Long breakout
H3 5943     Go Short
H2 5931
H1 5919
L1 5896
L2 5884
L3 5872     Long
L4 5837     Short Breakout
L5 5806     Trgt 1
L6 5776     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 15-03-2013

Nifty(Mar Fut)-Levels

R3 6134
R2 6041
R1 5990
Avg 5897
S1 5846
S2 5753
S3 5702

Nifty(Mar Fut)-Trading Strategy

H6 6086     Trgt 2
H5 6052     Trgt 1
H4 6018     Long breakout
H3 5978     Go Short
H2 5965
H1 5952
L1 5925
L2 5912
L3 5899     Long
L4 5859     Short Breakout
L5 5825     Trgt 1
L6 5791     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 15-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12828
R2 12480
R1 12285
Avg 11937
S1 11742
S2 11394
S3 11199

Bank Nifty(Mar Fut)-Trading Strategy

H6 12656     Trgt 2
H5 12522     Trgt 1
H4 12388     Long breakout
H3 12239     Go Short
H2 12189
H1 12139
L1 12040
L2 11990
L3 11940     Long
L4 11791     Short Breakout
L5 11657     Trgt 1
L6 11523     Trgt 2

Pre-Closing Outlook(14-03-2013)

As today rally is news based and on rate cut expectations by RBI in Credit Policy on 19 March 2013 therefore follow up moves in the coming 2 sessions will be watched for next moves confirmations. Strong resistances between 5940-5970 and sustaining it beyond after Credit Policy will be confirmations of next big trend and expected that till then Nifty will trade between 5792-5970 under all types of Bullish/Bearish sentiments.

Mid-session Outlook(14-03-2013)

As Core inflation reduced therefore recovery from lower levels on rate cut expectations by RBI in Credit Policy on 19 March 2013. Nifty is trading above immediate resistance(5893) for the last 1 hour and it is strong indication of strength. Market showed good enthusiasm after inflation data and it may remain continued up to Credit Policy as well as follow up trading positions tomorrow and next Monday will decide next trend but should be kept in mind that any decisive up trend will be possible after valid break out above 5970 and till then range bound market is expected between 5792-5970.  

Post-open Outlook(14-03-2013)

Following Formula was posted first time today:-

Profits=Our today Outlook+Intraday Trading Strategy,levels and Targets for 14-03-2013 

That correction is being seen today which was clearly told not only yesterday but being updated since 08-03-2013. WPI data today and it may lead volatility,any decisive up move will be considered only above 5970
Intraday Trading Strategy,levels and Targets for 14-03-2013 has been posted today. Firstly  go through today Outlook in following topic also for better profits and more accuracy:- 

Intraday Trading Strategy,levels and Targets for 14-03-2013

 -------------------------------
Buy at or above:-5870
-------------------------------
1st Targets:5888
2nd Targets:5907
3rd Targets:5927
4th Targets:5947

Stop Loss:5852
-------------------------------
Sell at or below:-5852
-------------------------------
1st Targets:5835
2nd Targets:5815
3rd Targets:5796
4th Targets:5775

-------------------------------
Stop Loss:5870
-------------------------------

Trading guidance:-

1- Trade with Strict Stop Loss
2- Trade along the trend.
3- Cover at any Target or hold for next target with previous target as Stop Loss.
4- May reverse yours trade also according to market with previous level as Stop Loss.
5- Profitable intraday trading strategy in trending and volatile markets.
6- Firstly  go through today Outlooks also for better profits and more accuracy.

Correction Continuation

Nifty-Intra Day Chart (13-Mar-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- First 5 hours selling between 5874-5893
2- Closing near lower levels of the day.
3- Whole day actual trading between 5843-5893 

Conclusions from intra day chart analysis 

Although Nifty closed with good gains on 08-03-2013 but we were not convinced and clearly showed our doubts on further up moves and told following lines on 09-03-2013 in 'Trading within Range Market and not Trending' 

Although strong rally on 08-03-2013 but without intraday charts complete consolidations and on the back of strong Global cues therefore market is not prepared for next sustained up moves. As Nifty traded between and below next resistance(5940-5970) with intraday charts selling patterns formations also therefore Nifty is not prepared for decisive up moves above 5970.

Nifty honored our above statement and reversed from 5971.30 in this week. We told only for Pull Back rally completion and  more down moves in almost all the Outlooks since 08-03-2013,anyone can verify this fact from "Archieve at the bottom of Blog" because we always tell with those proofs which no one can deny.


We clearly told for down moves yesterday also and told following lines in Technical Analysis and Market Outlook(13-03-2013)

1- possibility of Pull Back rally termination as well as down moves in the coming sessions.
2- despite more down moves possibility.


As was continuously told same happened in first 5 hours today and selling was seen between 5874-5893 after gap down opening and closing near lower levels of the day as well as more down moves will be seen in the coming sessions. As selling markets remains more volatile therefore some up moves may be seen from lower levels but today good selling between 5874-5893 and this range has become immediate resistance,until Nifty will not sustain above it till then next up move will not be considered. 

FII & DII trading activity in Capital Market Segment on 13-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII13-Mar-2013 2508.122204.29303.83

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII13-Mar-2013 687.281121.66-434.38

Indian Stock Markets Closing Reports(13-Mar-2013)

Main features of today trading are as follows

Ratios

Index Options Put Call Ratio: 1.37
Total Options Put Call Ratio: 1.30
Nifty P/E Ratio(13-Mar-2013): 17.64

Advances & Declines

BSE Advances :   960
BSE Declines : 1,930
NSE Advances :   403
NSE Declines : 1,115

Nifty Open Interest Changed Today

Nifty- 5600  CE(Mar)- -2,450(-0.56%)
Nifty- 5600  PE(Mar)- 1,418,100(15.46%)

Nifty- 5700  CE(Mar)- -95,400(-7.23%)
Nifty- 5700  PE(Mar)- 1,092,050(9.10%)

Nifty- 5800  CE(Mar)- 753,150(25.74%)
Nifty- 5800  PE(Mar)- -922,400(-8.66%)

Nifty- 5900  CE(Mar)- 894,450(16.28%)
Nifty- 5900  PE(Mar)- -608,450(-8.39%)

Closing 

Sensex- closed at 19,362.55(-202.37 Points & -1.03%)
Nifty- closed at 5,851.20(-62.90 Points & -1.06%)
CNX Midcap - closed at 7,728.10(-79.85 Points & -1.02%)
CNX Smallcap- closed at 3,317.30(-44.15 Points & -1.31%)

Nifty Spot-Levels & Trading Strategy for 14-03-2013

Nifty Spot-Levels

R3 5933
R2 5913
R1 5882
Avg 5862
S1 5831
S2 5811
S3 5780

Nifty Spot-Trading Strategy

H6 5902     Trgt 2
H5 5890     Trgt 1
H4 5879     Long breakout
H3 5865     Go Short
H2 5860
H1 5855
L1 5846
L2 5841
L3 5836     Long
L4 5822     Short Breakout
L5 5811     Trgt 1
L6 5799     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2013

Nifty(Mar Fut)-Levels

R3 5960
R2 5938
R1 5902
Avg 5880
S1 5844
S2 5822
S3 5786

Nifty(Mar Fut)-Trading Strategy

H6 5925     Trgt 2
H5 5912     Trgt 1
H4 5898     Long breakout
H3 5882     Go Short
H2 5877
H1 5872
L1 5861
L2 5856
L3 5851     Long
L4 5835     Short Breakout
L5 5822     Trgt 1
L6 5808     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 14-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12229
R2 12139
R1 11981
Avg 11891
S1 11733
S2 11643
S3 11485

Bank Nifty(Mar Fut)-Trading Strategy

H6 12071     Trgt 2
H5 12015     Trgt 1
H4 11959     Long breakout
H3 11891     Go Short
H2 11868
H1 11845
L1 11800
L2 11777
L3 11754     Long
L4 11686     Short Breakout
L5 11630     Trgt 1
L6 11574     Trgt 2
As busy therefore Mid-session Outlooks are not being updated today

Technical Analysis and Market Outlook(13-03-2013)

Nifty-Intra Day Chart (12-Mar-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5938-5950
1- Support between 5894-5912
3- Whole day actual trading between 5894-5950

Conclusions from intra day chart analysis 


Although down moves were seen today but We clearly told again and again only for down moves in almost all the previous 4 days Outlooks. Importance of next resistance range(5940-5970) was also updated in almost all the topics since 09-03-2013 and more than 8 nours trading was seen between this range in last 2 sessions. As selling seen therefore mentioned resistance range has become stronger and possibility of Pull Back rally termination as well as down moves in the coming sessions.

WPI inflation on 14 and  RBI credit policy on 19 March therefore coming sessions may be volatile news generated follow up moves will be watched and will be updated accordingly.  Valid break out of 5890-5970 will be next trend firstly strong indication therefore should be firstly watched in the coming sessions despite more down moves possibility.

FII Trading Data in Derivatives Segment on 12-Mar-2013


FII & DII trading activity in Capital Market Segment on 12-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII12-Mar-2013 2740.662007.41733.25

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII12-Mar-2013 625.671503.05-877.38

Nifty Spot-Levels & Trading Strategy for 13-03-2013

Nifty Spot-Levels

R3 6024
R2 5988
R1 5965
Avg 5929
S1 5906
S2 5870
S3 5847

Nifty Spot-Trading Strategy

H6 6001     Trgt 2
H5 5987     Trgt 1
H4 5974     Long breakout
H3 5958     Go Short
H2 5952
H1 5947
L1 5936
L2 5931
L3 5925     Long
L4 5909     Short Breakout
L5 5896     Trgt 1
L6 5882     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 13-03-2013

Nifty(Mar Fut)-Levels

R3 6031
R2 6003
R1 5970
Avg 5942
S1 5909
S2 5881
S3 5848

Nifty(Mar Fut)-Trading Strategy

H6 5998     Trgt 2
H5 5984     Trgt 1
H4 5970     Long breakout
H3 5953     Go Short
H2 5948
H1 5942
L1 5931
L2 5925
L3 5920     Long
L4 5903     Short Breakout
L5 5889     Trgt 1
L6 5875     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 13-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12432
R2 12327
R1 12215
Avg 12110
S1 11998
S2 11893
S3 11781

Bank Nifty(Mar Fut)-Trading Strategy

H6 12322     Trgt 2
H5 12273     Trgt 1
H4 12223     Long breakout
H3 12163     Go Short
H2 12143
H1 12123
L1 12084
L2 12064
L3 12044     Long
L4 11984     Short Breakout
L5 11934     Trgt 1
L6 11885     Trgt 2

Mid-session Outlook(12-03-2013)

We clearly told only for down moves in almost all the previous Outlooks and it was seen today as well as we gave following range on 09-03-2013 in Trading within Range Market and not Trending;- 

5890-5970(First indication) 

Nifty honored our above given range and traded till now between 5,893.65-5971.30. As both buying and selling seen within this range therefore expected that Nifty will trade more time within this range and its valid break out will decide next trend. 

NIFTY-Mar Put Option(5900)-Positional Buying of 11-03-2013-Covering

NIFTY-Mar PE(5900)-Positional Bought on 11-03-2013-Cover and book profit immediately-CMP-62.50(Lalit39)

NIFTY-Mar Put Option(5900)-Positional Buying of 11-03-2013-Message

NIFTY-Mar PE(5900)-Bought on 11-03-2013-IIP data today and Market will be volatile. Just hold and cover after my covering message(Lalit39)

Down moves with Pull Back rally completion Possibility

Nifty-Intra Day Chart (11-Mar-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Selling between 5950-5970
2- Lower levels minor supports.
3- Whole day actual trading between 5950-5970

Conclusions from intra day chart analysis

Although lower levels minor supports but higher levels good selling therefore down moves will be seen tomorrow and possibility of Pull Back rally completion also because selling was seen today between  resistance range(5940-5970). Follow up selling and sustaining below 5970 will be more down moves after Pull Back rally completion confirmations.

FII Trading Data in Derivatives Segment on 11-Mar-2013


FII & DII trading activity in Capital Market Segment on 11-Mar-2013

FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
FII11-Mar-2013 3240.642252.42988.22

DII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
CategoryDateBuy ValueSell ValueNet Value
DII11-Mar-2013 830.631617.21-786.58

Nifty Spot-Levels & Trading Strategy for 12-03-2013

Nifty Spot-Levels

R3 6006
R2 5988
R1 5965
Avg 5947
S1 5924
S2 5906
S3 5883

Nifty Spot-Trading Strategy

H6 5983     Trgt 2
H5 5973     Trgt 1
H4 5964     Long breakout
H3 5953     Go Short
H2 5949
H1 5945
L1 5938
L2 5934
L3 5930     Long
L4 5919     Short Breakout
L5 5910     Trgt 1
L6 5900     Trgt 2

Nifty(Mar Fut)-Levels & Trading Strategy for 12-03-2013

Nifty(Mar Fut)-Levels

R3 6024
R2 6007
R1 5982
Avg 5965
S1 5940
S2 5923
S3 5898

Nifty(Mar Fut)-Trading Strategy

H6 5999     Trgt 2
H5 5989     Trgt 1
H4 5980     Long breakout
H3 5968     Go Short
H2 5964
H1 5960
L1 5953
L2 5949
L3 5945     Long
L4 5933     Short Breakout
L5 5924     Trgt 1
L6 5914     Trgt 2

Bank Nifty(Mar Fut)-Levels & Trading Strategy for 12-03-2013

Bank Nifty(Mar Fut)-Levels

R3 12395
R2 12344
R1 12269
Avg 12218
S1 12143
S2 12092
S3 12017

Bank Nifty(Mar Fut)-Trading Strategy

H6 12320     Trgt 2
H5 12291     Trgt 1
H4 12263     Long breakout
H3 12228     Go Short
H2 12217
H1 12205
L1 12182
L2 12170
L3 12159     Long
L4 12124     Short Breakout
L5 12096     Trgt 1
L6 12067     Trgt 2

NIFTY-Mar Put Option-Buying Trade

NIFTY-Mar Put Option(5900)-Buy-Positional-SL-29-TGT-69-CMP-47(Lalit39)

Pre-Closing Outlook(11-03-2013)

Importance of next resistance range(5940-5970) was told in all previous Outlooks and Nifty honored through most of the time trading between this range today. As mixed intraday patterns formations today therefore valid break out of following range will next decisive moves strong indication and should be firstly watched in the coming sessions.

5936-5970

Mid-session Outlook(11-03-2013)

Although good up moves were seen after 01:15 PM last Friday but were on the back of Glabal cues therefore need of consolidation before next up move was told at 03:05:00 PM on 08-03-2013. CNX MIDCAP and CNX SMALLCAP did not showed such up moves after 01:15 PM and remained range bound as well as showed selling patterns therefore following lines were told in Trading within Range Market and not Trending 

"Expected that Nifty will firstly trade between 5890-5970 in the coming sessions and will prepared for next moves"

Pull Back rally gained 298 points in last 6 sessions and today most time trading between next resistance(5940-5970) which is crucial because Intermediate term trend will be up above 5970.

Correction started from 6111 after completion of Wave-5 therefore that whole up move has to be corrected which begun from 4770.35 on 04-06-2012. Just click following link for Retracement Levels of on going correction:-

Long Term Trend Decider 5548

Nifty traded between mentioned next resistance range(5940-5970) for the last more than 3 hours(today and last Friday) and this range break out will be next moves 1st strong signal. As selling patterns formations also seen within this range therefore its breaking down possibility can not be ruled out.

Firstly watch today valid break out of 5936-5970 for next moves strong signal.